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bbc.co.uk
Trump threatens to stop sale of Canadian Bombardier jets in US
The threat against one of Canada's largest companies comes amid an escalating trade war between the two neighbours.
cnbc.com
China says it will pump $54 billion into banks and insurers — but their stocks still fell
With a bigger capital cushion, financial institutions may also be asked to do more to mobilize resources in capital markets, analysts say.
bbc.co.uk
'I performed on stage to get my first job' - the firms turning recruitment into competitions
Applicants have to pitch their ideas on stage in front of a panel of judges and an audience. But is this exciting or unfair?
bbc.co.uk
AI cancer cures slowed by chip shortage, says UK's biggest tech boss
The head of chip designer Arm says modelling how a DNA marker is impacted by cancer cannot be done now, but computers are "going to solve it".
cnbc.com
CNBC's The China Connection newsletter: China's weak consumer becomes the world's problem
A Group of 20 finance meeting in the U.S. this month has now elevated the debate over whether China's exports have cost people in other countries their jobs.
bbc.co.uk
Food price cap plans giving farmer 'sleepless nights'
East Lothian farmer Jamie Wyllie says he's worried costs will get passed down the line to the food producers.
theguardian.com
Federal investigators search for cause of Amazon cargo jet crash that killed five
Focus likely on whether plane touched down too late in its glide path on to tarmac to enable it to stop safelyFederal investigators have started collecting evidence, including a flight data recorder, following the Sunday crash of an Amazon cargo jet at Miami international airport that killed five people and injured five others.Speaking at a press conference on Monday, Jennifer Homendy, chair of the National Transportation Safety Board (NTSB), announced a preliminary investigation into the Amazon Air flight 7598 accident involving a Boeing 767-33 Alpha operated by 21 Air, an all-cargo airline. Continue reading...
cnbc.com
Crashed Amazon cargo jet struck two vehicles, ended up 1,300 feet past runway, NTSB says
The chair of the National Transportation Safety Board didn't provide details on the cause of the crash in Miami, which killed at least five people.
cnbc.com
Trump says Bombardier can't sell in U.S. unless Canada aerospace giant builds there
Trump's announcement comes on the eve of Canadian retaliatory tariffs set to take effect Tuesday on $20 billion of U.S. goods.
bbc.co.uk
Investigators begin work on why cargo plane overran Miami runway
Five people died and five others were injured as the Amazon plane overshot the runway after landing at Miami International Airport.
theguardian.com
Jonathan Reynolds is right, Jaguar Land Rover doesn’t warrant use of public money | Nils Pratley
The 4,000 job cuts cannot be compared to a VW-like existential crisis and, as JLR presents them, are about staying competitiveJaguar Land Rover confirms plan to cut 4,000 jobs over two yearsA default reaction to news of job losses in the UK car industry is to ask what the government is going to do about it. So, well done business secretary Jonathan Reynolds for giving the correct response to the question of whether public money will be used to support Jaguar Land Rover, which on Monday confirmed 4,000 job cuts over two years. His answer was no.It is the right stance because JLR’s cost-cutting cannot be compared to a Volkswagen-like existential corporate crisis. In common with most European carmakers, JLR has had a rotten 12 months thanks to Donald Trump’s tariffs, luxury taxes in China, inflation in the cost of raw materials and, in its case, a big cyber-attack. Yet the company continues to talk bullishly about double-digit growth around the next corner as it prepares to launch five new models. Continue reading...
cnbc.com
Far-right AfD landslide in German state piles pressure on federal government
The "extraordinary" result may be the "most consequential German state-election result of the postwar era," according to analysts.
theguardian.com
Painful, unconvincing and boring: welcome to John Healey’s late show | John Crace
Chancellor has the look of a man born to announce the UK is under nuclear attackMeet the new chancellor. Same as the old chancellor. Although, on reflection, that might be a little hard on Rachel Reeves. At least Rachel had given the job some thought before she got it. She had had some experience working at the Bank of England and, whether you liked it or not, she had some kind of plan. John Healey? Not so much. No one can remember him ever having given the economy much thought until Andy Burnham offered the job. He was more the strong and silent type.As defence secretary, Healey had looked like a man of principle. A defender of the armed forces, a guardian of the realm. He had even resigned over Keir Starmer and Reeves’s refusal to guarantee increasing the defence budget to 3% of GDP by 2030. Continue reading...
bbc.co.uk
Next wins key appeal to overturn £30m equal pay ruling
A judge ruled Next can pay warehouse workers more because it is harder to recruit and retain them.
bbc.co.uk
Chancellor calls for 'confidence about Britain' despite 'historic high' borrowing costs
John Healey detailed plans to spread growth more widely across the UK, ahead of his first Budget.
bbc.co.uk
Faisal Islam: Chancellor's attempts to boost vibes may limit tax rises
The new leadership is trying to maintain both confidence and the promotion of economic animal spirits.
theguardian.com
‘Mistrust’ of Palantir may affect NHS research, says health minister
James Frith says patients may be less willing to share data as new figures show a rise in opt-outsConcern is being raised about Palantir’s work with the NHS as new figures showed tens of thousands of patients have withdrawn their data from use in research projects.James Frith, the health innovation minister, said he was worried about “mistrust” of the US defence and health tech company and “the impact it could have on people’s willingness to share data with the NHS”. Continue reading...
theguardian.com
French winemakers forecast 30-year low harvest after severe drought and heat
Estimates suggest drop in production with vineyards also concerned ‘smoke taint’ from wildfires may affect qualityFrench vineyards hit by severe drought and heatwaves are expected to report a 30-year low in wine production after the country’s hottest ever recorded summer, according to the agriculture ministry.Initial estimates suggest winemakers will produce just under 34m hectolitres from this year’s harvest: a drop of 6% on last year, and 17% less than the 2021-2025 average. Continue reading...
bbc.co.uk
Jaguar Land Rover to cut 4,000 jobs over next two years
The cuts come as the carmaker struggles with Chinese competition, US tariffs, and the transition to electric vehicles.
theguardian.com
Architect of UK’s AI policy quits after Anthropic conflict of interest concerns
Matt Clifford forced to stand down amid disquiet from senior MPs over his new full-time job at AI company The chair of the UK government’s “moonshot” science and technology research unit has been forced to stand down after taking a job with the San Francisco AI firm Anthropic, in a move senior MPs called a “clear conflict of interest”.Matt Clifford announced last week that he was taking a full-time job working for the company behind the Claude chatbot, “leading its engagement” with governments outside the US – including the UK. But he retained his leadership at the UK’s Advanced Research and Invention Agency (Aria), which funds frontier science and tech projects. Continue reading...
bbc.co.uk
Why the 'Temu Range Rover' is such a threat to Jaguar Land Rover
Job cuts come as JLR faces falling sales and intense Chinese competition while trying to switch to electric vehicles.
theguardian.com
Jaguar Land Rover confirms plan to cut 4,000 jobs over two years
Decision by carmaker, which is battling Trump tariffs and fallout from cyber-attack, labelled a ‘body blow for workers’Nils Pratley: Jonathan Reynolds is right, Jaguar Land Rover doesn’t warrant use of public moneyJaguar Land Rover has announced thousands of job cuts in a “body blow for workers” as it grapples with tough trading conditions, Donald Trump’s tariff wars and the fallout from a cyber-attack.Britain’s largest carmaker, which is owned by the Indian conglomerate Tata, confirmed the anticipated cuts on Monday, saying it wants to reduce its global workforce by about 4,000 over two years, as part of an effort to save £1.7bn. Continue reading...
cnbc.com
Greenland welcomes major funding boost from EU amid Trump’s annexation threats
It comes shortly after Icelanders voted to reject restarting EU membership talks and as Trump renews his push to acquire Greenland on national security grounds.
theguardian.com
John Healey backs growth but says Labour must be honest on spending
Chancellor ducks questions on whether he will have to raise taxes but says he will stick firmly to fiscal rulesJohn Healey has said boosting economic growth will be his defining mission as chancellor as he warned Labour had to “be honest” about the need to control public spending at next month’s budget.In his first big speech since taking the job in July, Healey said the top priority for his 28 October budget would be to support stronger growth across the UK while sticking firmly to the government’s fiscal rules. Continue reading...
theguardian.com
Next overturns equal pay ruling that raised basic wages for shop staff
Retailer wins appeal against 2024 decision forcing it to pay shop workers the same as warehouse employeesThe UK retailer Next has overturned a 2024 court ruling forcing it to pay its shop staff the same higher basic pay rates as its warehouse workers under equal pay rules.The chain, led by the Conservative peer Simon Wolfson, said it had “won a landmark victory in its ongoing equal pay litigation”. It has succeeded in its appeal to the employment appeal tribunal “on the key issue of basic pay”, it said. Continue reading...
cnbc.com
SpaceX rival launches rocket in historic first, says industry is 'desperate' for more
Isar Aerospace reached orbit on its second test flight as the German rocket startup looks to scale production amid booming satellite launch demand.
theguardian.com
Oasis recordings up for auction despite band’s objections
Guide price of archive documenting concerts, rehearsals, soundchecks and conversations between £1.2m and £1.6mAn archive of more than 100 hours of Oasis recordings, including concerts, rehearsals and candid conversations between Noel and Liam Gallagher, is to be auctioned for up to £1.6m despite objections from the band.The collection was amassed by the band’s sound engineer Huw Richards, who worked with Oasis from the release of their 1994 debut album, Definitely Maybe, until 2001. It comprises 209 DAT tapes, 73 analogue cassettes and three MiniDiscs, and is being sold by Richards’s son, Owain. Continue reading...
cnbc.com
Trump says he's made 'Hundreds of Billions of Dollars on Stocks' for the U.S., in stream of AI posts
U.S. President Donald Trump posted a stream of AI-generated images and a series of sweeping and unverified claims on Truth Social on Sunday
cnbc.com
Jaguar Land Rover to cut 4,000 jobs over two years in major cost-saving drive
The luxury carmaker is targeting £1.7 billion ($2.3 billion) in savings as it faces Chinese competition, a cyberattack and U.S. tariffs.
theguardian.com
UK house prices fall for first time since 2023, led by London and south-east
Average property cost £298,468 in August, down by 0.4% year on year amid higher interest rates, says LloydsUK house prices have fallen for the first time in almost three years, as prospective buyers were squeezed by higher mortgage rates, geopolitical uncertainty and stretched affordability.Prices have dropped by 0.4% compared with a year ago, the first year-on-year decrease since November 2023, according to the lender Lloyds. That came in below expectations of a 0.2% annual rise, according to a poll of economists by Reuters. Continue reading...
cnbc.com
Top Wall Street analysts like these 3 stocks for the long haul
The ratings of these experts are backed by in-depth research of a company's financials, and thorough analysis of the factors affecting business performance.
theguardian.com
Grindr pays £26m to settle UK lawsuit over allegedly sharing users’ HIV status
US-owned dating app allegedly allowed ad firms access to private information in breach of UK lawGrindr will pay £26m to settle a lawsuit brought by thousands of users in the UK who allege that the US dating app shared highly sensitive personal information, including in some cases their HIV status, with advertising companies.The settlement brings to an end a two-year legal battle, after the UK law firm Austen Hays filed a claim at the high court of England and Wales in April 2024 on behalf of Grindr users alleging violations of UK privacy laws during a period up to early 2020. Continue reading...
theguardian.com
The Gymnastics Academy changed my prepaid booking but said ‘no’ to a refund
I arranged for my daughter to attend three sessions during the school holidays but the venue and one of the dates were changedI booked my daughter for three sessions during the school summer holidays at The Gymnastics Academy. The reservation was made and paid for last November because of a promotional offer.In June, I received emails from The Gymnastics Academy, confirming a session for a venue I had not booked. I was concerned my account had been hacked. Continue reading...
theguardian.com
Why are so many people stealing from restaurants?
About a quarter of British adults admit to having pilfered something from a pub or restaurant. Is it an Insta-fuelled craze, or just old-fashioned greed?Knives, candles, a toilet roll holder complete with screws and Rawlplugs – that’s just some of the stuff Michelin-starred restaurants in France complained about clients nicking in a recent news report. I’m not sure why the screws were presented as the ultimate absurdity – if you want to use your stolen toilet roll holder, you’ll need them – it’s just common sense!A Québécois restaurateur complained about similar thefts in July – a picnic table, a painting and even the thermostat had been pinched – and British restaurateurs confirm it happens in the UK, too. Jan Ostle of Wilsons in Bristol told the BBC’s World at One that the mother-of-pearl spoons he uses to serve herb sorbet are a particular target: “Every few months I have to buy another 28.” Continue reading...
bbc.co.uk
Pre-loved uniforms save families £69, says charity
Clothing Coventry has helped provide thousands of children with second-hand school uniform.
bbc.co.uk
The £70 refund letter that isn't a scam
About one million people - mostly women - are owed pension tax relief and will be contacted by HMRC.
theguardian.com
Labour’s new powers for water customers are a ‘stitch-up’, say campaigners
Exclusive: Documents reveal water firms have been allowed to advise on how they wish to be held to accountLabour’s new powers for customers to hold water companies to account are a “stitch-up”, campaigners have said, as utilities firms have been advising on how to implement it.The Consumer Council for Water (CCW) is creating what the government referred to as “powerful consumer panels” so the public can question the executives of their local water company and get redress for problems they face from sewage and water companies in England and Wales. Continue reading...
theguardian.com
UK’s biggest private hospital firm Spire agrees £1bn takeover by hedge fund
Toscafund, founded by City figure known as ‘the Rottweiler’, signs deal amid fears over creeping privatisation of NHSBritain’s biggest private hospital operator has agreed to a £1bn takeover by a hedge fund manager known as “the Rottweiler” for his aggressive business tactics.Spire Healthcare, which owns the Claremont hospital in Sheffield and St Anthony’s hospital in south London, has agreed to a 250p a share offer by an investor group led by Toscafund Asset Management, which values the business at £1.03bn. Continue reading...
cnbc.com
Japan's foreign reserves drop by a record $80 billion in August following yen intervention
Finance ministry data showed that Japan's official foreign reserves stand at $1.207 trillion, down from July's figure of $1.287 trillion.
cnbc.com
U.S. Energy Secretary Wright says Iran nuclear deal may never happen
Iran warned of faster, heavier retaliation against U.S. attacks while acknowledging the war’s mounting toll on its economy.
theguardian.com
Tiny cash buffers leave small UK TV firms at risk of going bust, analysis finds
Median £42,000 in reserve not enough to cover filming overrun or delay to series, industry body warnsHundreds of small UK TV companies have so little cash in reserve that a filming overrun or a delay to a series could send them bust, an industry body has warned, as programme budget cuts by broadcasters threaten their future.Analysis of the Companies House accounts filings of more than 200 of the estimated 800 independent TV production companies in the UK by the industry body Indielab has found that 40% face running out of cash within the next two years. Continue reading...
theguardian.com
England’s housing courts at breaking point as renters battle no-fault evictions
Courts said to be ‘overloaded’ as landlords sell properties and tenants with nowhere to go try to delay evictionsIt is a Wednesday afternoon at Stratford housing court, and every seat in the waiting room is full. Over the next few hours, a conveyor belt of tenants and lawyers file into the courtroom to discuss their housing disputes – up to 29 cases are dealt with in a single day.In one case, a tenant is trying to buy more time after receiving a section 21 no-fault eviction earlier in the year, before they were banned. He has had no luck finding emergency housing with his local council. Continue reading...
cnbc.com
Data centers in space: Four big obstacles and Elon Musk's ambitious timeline
Data centers in space: Four big obstacles and Elon Musk's ambitious timeline
bbc.co.uk
Cost of living on many minds ahead of Manx election
Residents, businesses and charities are focused on the economy ahead of the general election.
bbc.co.uk
More funding needed to boost construction jobs for young people, housing boss says
Recent analysis showed the construction sector needs an extra 2,200 workers a year to meet demand.
bbc.co.uk
How long could you manage on £3 of food a day?
It wants people to experience what it is like for people facing food insecurity.
theguardian.com
Designers should not fear being replaced by AI, industry leaders say
Firms are more likely to use technology as ‘the intern in the office’ than as a replacement for skilled staffProfessional designers should not feel “threatened” by the rapid growth of generative AI, according to business leaders, despite fears over job losses in the sector.With design and film production companies and manufacturers all adopting AI at an accelerating pace, industry bodies said the technology would be used to enhance the work of designers rather than replace them. Continue reading...
theguardian.com
Ukraine seeks to seize water company owned by billionaire family of British theatre mogul
Dispute centres on stake held by Patarkatsishvili family in bottled water firm it jointly owns with Russian oligarchA British theatre impresario and her billionaire family are embroiled in a bitter dispute with Ukrainian authorities seeking to seize a water company they jointly own with a Russian oligarch.The row centres on a 34% stake held in the producer of Ukraine’s biggest bottled water brands by the Patarkatsishvili family, including Liana Patarkatsishvili, who recently worked on an immersive show with Toby Jones and Meera Syal. Continue reading...
bbc.co.uk
Australians will be able to switch off social media algorithms under planned legislation
Firms like Meta, Google and TikTok should face "substantial" penalties if they don't give the option, minister says.
theguardian.com
Amazon cargo plane crash at Miami airport kills at least five – video
An Amazon cargo plane crashed at Miami international airport in Florida after the flight – arriving from Puerto Rico – overshot the runway, striking several vehicles and resulting in at least five deaths.The pilot and copilot were trapped in the cockpit as a result of the crash, Miami-Dade rescue fire chief Ray Jadallah told a news conference. He described Sunday's incident as a 'very complex situation' where the plane crashed into multiple vehicles as it ran off the tarmac, trapping several people inside their vehiclesAt least five dead after Amazon cargo plane crashes at Miami airport Continue reading...
bbc.co.uk
China to pump $54bn into state banks and insurers to boost economy
It comes as Beijing is aiming to reshape its economy in the face of a number of challenges.
cnbc.com
Treasury yields face 4.8% test as fiscal risks threaten to spill into other assets
Treasury yields face a test at 4.8%, with a sustained move above that potentially creating "meaningful problems" for other asset classes, said Miller Tabak.
theguardian.com
Why Meta started losing in court - podcast
Katy McQue, who has spent years reporting on Meta and the potential harms its platforms pose to children, explains the tactics being used by prosecutorsFor years, the investigative journalist Katy McQue has been reporting on the potential harms Meta’s platforms pose to children.Yet, as she explains to Annie Kelly, despite the mountain of evidence compiled by journalists, prosecutors, bereaved families and others, it has been nearly impossible to bring Meta and other social media companies to court. Continue reading...
cnbc.com
Volcano eruption disrupts hundreds of flights at Southeast Asia's second-busiest airport
Mount Anak Krakatau’s eruption disrupted hundreds of flights across Indonesia, with flight cancellations extending into Monday.
cnbc.com
CNBC Daily Open: Trump's ‘little excursion’ becomes an uphill battle as Iran war continues
Comments from U.S. Energy Secretary Chris Wright over suggest those promises may be increasingly difficult to reconcile.
cnbc.com
SEC sues ISS as Trump administration ramps up scrutiny of proxy advisers
The SEC sued Institutional Shareholder Services to enforce a subpoena as the Trump administration increases scrutiny of influential proxy advisers.
theguardian.com
EU faces 300,000 factory job cuts as China ‘colonises’ supply chains, industry warns
Protest using 10 coffins to symbolise struggling manufacturing industry to take place in BrusselsJob losses in EU manufacturing will rapidly increase unless Brussels stops the “colonisation” of industry by Chinese component manufacturers, a leading industry trade body has warned.Eurometal predicts 300,000 job losses in manufacturing in the rest of 2026 because of expanding competition from China, which is now enjoying a record €1bn-a-day trade surplus with the bloc. Continue reading...
theguardian.com
The Guardian view on Burnham’s devolution plans: power must be accompanied by scrutiny | Editorial
Vital accountability mechanisms have withered as English devolution has evolved. The government should take note Andy Burnham has criticised Britain’s “unaccountable state” that is at once too powerful and too distant from everyday life. He has made English devolution the central idea of his premiership, but his plan to give England’s mayors unprecedented power and money will have to confront a number of tricky realities, not least a landscape in which scrutiny of local government is vastly diminished.As England’s devolution map has evolved, vital accountability mechanisms have withered. The abolition of the Audit Commission in 2015 deprived Whitehall of information about local government spending. The decision, taken by the then Tory prime minister David Cameron during his “bonfire of the quangos”, coincided with a period when cash-strapped councils were selling off assets and making risky investments. A succession of bankruptcies and scandals have since exemplified the dangers of governing in darkness, including the questions raised at Teesworks, the development led by Ben Houchen, a Tory mayor, where a “culture of excessive confidentiality” has prevailed, according to a damning 2024 government report.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
cnbc.com
Sugar is outperforming the stock market this year. Here's what's driving it, and where it can go from here
The sweetener's prices surged last week, reflecting a sharp deterioration in the global supply outlook.
theguardian.com
Some Americans call us ‘Europoor’ - but there are seven ways we’re exceedingly rich | Emma Beddington
Our US friends may pity Europeans for our low salaries, high taxes and dependence on public transport – but they’re forgetting the really important stuff …I’m sorry to break this to you, but you may be “Europoor”. This is, apparently, what proud American patriots (the kind who describe themselves in those terms on their flag-forward X profiles anyway) are calling us Europeans, mocking us for our low salaries, high taxes and dependence on public transport.GB news presenter Tom Harwood declared this dig “entirely accurate”, but is it? Well, sort of. US post-pandemic GDP growth is more than double that of the eurozone (15.6% compared with 7.2%; the UK is even worse on 6.3%). As for wages, once you adjust for national differences in the cost of essentials such as housing, food and services, the US average is $86,977 compared with the UK’s $66,299, Germany’s $76,286 and France’s $60,483, according to the OECD. A Sunday Telegraph investigation of the “Europoor” question highlighted astronomically powerful growth of the US tech sector supercharged by AI, making it easy to raise and make big money unencumbered by “old world” regulation and taxation. “We don’t want to be like what Europe has become,” said the Republican pollster Brent Buchanan. Continue reading...
theguardian.com
Uncanny and unappetizing: appetites spoil as AI images take over food menus
Consumers are increasingly encountering AI-generated images on food menus such as leathery meat and bread resembling reptile skinDuring a recent lunch break, Jill Sennett saw something so unappetizing she had to share it with her 26,000 X followers: Artificial intelligence-generated menu images from a Jamaican barbecue pop-up restaurant in which the meats looked like leather belts crawling with tiny beetles.The images were reshared by more than 500 people who similarly expressed their disgust. Eating is “such an essential human experience”, said Sennett, a 37-year-old nurse in Denver. “I think it’s a bad cultural thing that restaurants are converting to these horrific, uncanny food images that are unappetizing.” Continue reading...
cnbc.com
‘Model fatigue’ sets in as AI labs race to roll out new versions at frenetic pace
Anthropic, OpenAI, Meta and Google all released model updates this week, while Nvidia said it's acquiring open-source AI platform Hugging Face.
theguardian.com
Prediction markets have become America’s new national pastime | Dave Schilling
My parents’ generation may have been on to something when they railed against gambling. If only George Santos had listenedIf only George Santos and Bill Simmons had my parents, they wouldn’t be facing down a hailstorm of condemnation for circumventing the basic rules and regulations of dubious “prediction markets” and online gambling. Kalshi just banned the former congressman George Santos from its service and he was forced to pay back his winnings after he was accused of the dumb person’s version of insider trading. He bet on himself to not attend the State of the Union address, then conveniently didn’t go. For his trouble, he won (and will be forced to relinquish) more than $17,000; he’ll also have to pay more than $80,000 in total fines from Kalshi and the Commodity Futures Trading Commission.Bill Simmons, the sports commentator, podcast host, and founder of The Ringer, had a different story. Continue reading...
theguardian.com
Air conditioners are our best bet in the fight against extreme heat – whether we like it or not
Global AC demand will inevitably accelerate as the world continues to warm amid the climate crisisThe greenest campaigners against climate change have long suffered from a crippling shortcoming: they too often frame the challenge as a problem of excess consumption. This motivates calls to “degrow” the economy and to curb the population. The claim is that humans consume too many resources, which in the context of climate change means too much energy.Nowhere has the tension between this proposition and reality become more palpable during this sweltering summer than in the conversation over air conditioning. Continue reading...
theguardian.com
Burnham talks of radical change, but Treasury mood music says otherwise
Bond market volatility means John Healey will have to take tough decisions, soon, if he wants to meet spending pledgesIn John Healey’s bright Treasury office, overlooking St James’s Park, the artwork has not changed since his predecessor, Rachel Reeves, selected a row of Bridget Riley prints in her feminist rehang. Judging by the signals emerging from No 11 about the chancellor’s 28 October budget, not much else has changed either.Voters listening to Andy Burnham’s promises to overthrow 40 years of neoliberalism and vanquish the ghost of Margaret Thatcher would be excused for expecting a radical policy reset. Early signs suggest they may be disappointed. Continue reading...
bbc.co.uk
Why a famous Montreal sandwich shop has been forced to swap its soda
Schwartz’s, one of Montreal’s most famous delis, has changed suppliers for its black cherry soda.
theguardian.com
The student loan scam looking to dupe already anxious students
Scammers hope to siphon off some of the £2.6bn in student maintenance funds paid out each SeptemberYou are about to start university and can’t wait but then you receive a worrying text message. It is a few days before the first student loan payment is due to land in your account and apparently someone has tried to alter your bank details.“Our records indicate that your bank details on your student finance account were changed on Friday 16th. If you did not do this please contact us immediately,” says the text. Continue reading...
theguardian.com
‘Britain’s Yellowstone’: restoration project aims to take the greed out of land acquisition
Investors in Emblehope Moor will get their financial returns – and then it will be given to community or charity ownersIt is difficult to find the most remote place in England. There is no public transport, no roads and no sign of any human habitation. Online route finders mistakenly direct cars up a grassy track. But miles along gravel forest roads in the far north of Northumberland is the largest contiguous rewilding site under single ownership in the country.The vast glacial bowl of 7,500-acre Emblehope Moor has been bought for £8.5m by Restore, a nature restoration company that works with landowners across Britain. Continue reading...
bbc.co.uk
Aviation faces hotter, stormier skies – and passengers might have to accept more disruption
Are people going to have to increasingly accept more delays and diversions as the effects of climate change intensify?
cnbc.com
LeBron James teases partnership with Polymarket
LeBron James on Saturday teased an upcoming partnership with the prediction markets platform Polymarket in a social media post.
cnbc.com
Trump turns up the heat on Warsh as Fed rate hike looms
Ten days ahead of the next Federal Reserve meeting, the Trump administration looks to be in a full-court press to halt a rate hike in its tracks.
cnbc.com
U.S. attacks 3 Iranian oil tankers after missiles target Navy warships
Three Iranian crude oil carriers were hit by U.S. forces on Saturday near Iran's key oil export hub, Kharg Island, in the Gulf, U.S. Central Command reported.
cnbc.com
Trump’s state capitalism comes to the oil industry with his unprecedented Venezuela deal
The deal comes eight months after Washington ousted former President Nicolás Maduro in a military raid.
theguardian.com
‘The chancellor is in a bind’: is No 11 at odds with Burnham’s big vision?
MPs applaud PM’s ambition and optimism but John Healey has yet to show he can match leader’s radical perspectiveUntil now, Andy Burnham has been a lucky prime minister. In office for just over six weeks, no major domestic crisis derailed his plans over the summer, Reform has been on the back foot, and he arrived back at Westminster with his personal approval ratings soaring and optimism undampened.But underneath the sense of relief that many Labour MPs are feeling that their high-stakes gamble of ousting Keir Starmer appears – for now – to have paid off, there is an unease that Burnham’s premiership is yet to make contact with economic reality. Continue reading...
bbc.co.uk
Jaguar Land Rover confirms planned job cuts
The firm says it needs to save about £1.7bn over the next two years.
cnbc.com
This enhanced geothermal project aims to unlock gigawatts of power to fuel the data center boom
Power demand in the U.S. is rising. Fervo Energy bets that its project in Utah will prove that enhanced geothermal can be part of the power mix going forward.
theguardian.com
Deal or no deal? The confusing rules around discounts in UK stores
As the government cracks down on ‘phoney bargains’ we ask experts about what is a genuine price reductionWhen is a sale not a sale? Online and on the high street, some shops just always seem to be selling at a discount.Whether it’s the closing down sale that goes on for years, or the crossed-out original price that you can’t remember ever paying, some retailers try all kinds of ways to convince us we are getting a bargain. Continue reading...
cnbc.com
Meet the CISO: A new front line star in the AI cybersecurity war
The OpenAI-Hugging Face agent hack sent shockwaves through the business world and helped put the chief information security officer into the spotlight.
cnbc.com
GM vs. Ford: U.S. defense, energy sectors add to automakers' century-old rivalry
General Motors and Ford are looking for new potential growth areas, including by seeking military contracts and getting into energy storage businesses.
bbc.co.uk
Money Box
What can we expect from a major review of financial literacy?
bbc.co.uk
Consumer Fight Back
Rejected for PIP? Most tribunal appeals succeed. We ask why.
theguardian.com
‘We’re plausibly close to crossing the line’: are warnings of uncontrollable AI coming true?
A spate of serious safety incidents have increased fears about the power and impenetrability of the most advanced modelsPicture humanity in a boat being swept down a raging river, praying there is no Niagara Falls ahead. Or imagine standing with the pioneering physicists in 1942 before they triggered the first self-sustaining nuclear fission chain reaction beneath a Chicago stadium.These were two of the analogies used this week by Prof Robert Trager, an expert in the nascent field of AI governance, to describe the perilous but potential-filled moment the world stands at with accelerating artificial intelligence. Continue reading...
theguardian.com
Food delivery riders call on platforms to open up AI ‘black box’ they say has cut pay
Workers who blame algorithms for lowering their earnings are getting help from academics to find out how the system worksGig economy workers are urging delivery platforms to open up the “black box” of computer-driven algorithms that determine the jobs they are offered and how much they are paid, blaming increased use of AI for lowering wages.A group of food delivery riders in Edinburgh say their rates of pay have fallen and their working conditions have deteriorated at the same time as Deliveroo, Uber Eats and Just Eat, the three dominant gig economy platforms in the UK and Ireland, have increased their use of automation. Continue reading...
theguardian.com
A £500 gift or a free toothbrush: is it worth switching bank accounts?
As the battle for current account customers takes a new twist we look at how tempting the offers really areFancy up to £500 of “free” cash – or how about a complimentary eco-friendly electric toothbrush? Many of Britain’s banks are offering sizeable “welcome bonuses” and other freebies in an attempt to convince people to switch to their current accounts.This week the battle was turned up a notch. Santander is offering £240, while NatWest is hoping to tempt high-earners to defect by dangling the carrot of £500. Continue reading...
cnbc.com
Italy's Meloni just hit a major political milestone. Former leaders say economic reform must follow
Italian Prime Minister Giorgia Meloni's government became the country's longest-serving cabinet since World War II on Friday.
cnbc.com
From Trump’s takeover threats to a ‘northern neighborhood,’ why the EU chief is going to Greenland
The visit comes as Trump renews his push for greater U.S. control of the self-governing Danish territory.
bbc.co.uk
How much can Canada fight back in its trade war with the US?
The US may be the bigger trading partner, but Canada shouldn't be counted out quite yet in the escalating trade fight.
bbc.co.uk
Why are European countries moving their gold out of North America?
The Netherlands has relocated 86 tonnes of the shiny stuff - what's going on?
bbc.co.uk
Flight price rises due to 'foolish leaders' starting wars, Virgin's Branson says
Middle East tensions have choked the production and transportation of oil, causing a surge in the price of car and jet fuels.
theguardian.com
'Reform broke no law': Nigel Farage responds to latest donation revelations – video
Nigel Farage tells Reform UK's annual conference in Birmingham that allegations broadcast by Channel 4 News that his party had breached political donation rules were made because 'they’re scared of us'. The party has suspended two senior officials after they were filmed in an undercover investigation appearing to plot to get around electoral laws on foreign donations Continue reading...
bbc.co.uk
Trump calls for interest rate cut after jobs figures raise hike bets
The president's remarks came as stronger-than-expected jobs figures added to growing expectations that rates could be increased.
theguardian.com
Have a little fun scamming the scammers | Letters
Gary Calder responds to an article by a Guardian Money reader who got even by stringing the fraudsters alongAnyone wishing to get their own back on bank-card scammers using the method described in your article (‘I’ve £80k in the account, here’s my pin’: turning the tables on the scammers, 29 August) might like to add a touch of realism to a made-up bank-card number by picking a known issuer identification number (the first six to eight digits) and ensure that the last digit conforms to the Luhn algorithm (it’s a check digit used to pick up errors in entering all the other digits). Further fun could be had by choosing an interesting postcode, such as SW1A 2AA (or 2AB – 10 and 11 Downing Street), SW1A 2JL (New Scotland Yard) or SL4 1NJ (Windsor Castle).Gary CalderChandler’s Ford, Hampshire• Have an opinion on anything you’ve read in the Guardian today? Please email us your letter and it will be considered for publication in our letters section. Continue reading...
bbc.co.uk
1986: Manchester's second-hand fashion mecca
Designer Jeff Banks visited Affleck’s Palace, an indoor emporium selling vintage clothing.
bbc.co.uk
UK petrol prices hit highest level since Iran war began
The price of unleaded hits 163p a litre, according to motoring group the RAC, as oil prices remain elevated.
bbc.co.uk
Xbox caps cloud gaming at 15 hours a month for Game Pass subscribers
Xbox said the limits were due to the rising cost of cloud gaming, and would allow it to invest more in its performance
bbc.co.uk
US diesel prices hit an all-time-high
Fuel prices have soared since the Iran conflict began at the end of February, mirroring the surge in wholesale oil prices.
bbc.co.uk
Stock up on food to prepare for extreme weather, minister says
Dame Angela Eagle warns the weather event could lead to extreme storms this winter.
theguardian.com
UK pubs take a tip from America: the Stephen Collins cartoon
Continue reading...
theguardian.com
How will bond market turmoil affect your mortgage, pension and savings in UK?
Sell-off raises concerns of higher borrowing costs for households. Here’s what it could meanThe bond market sell-off has sparked fresh fears of higher borrowing costs for UK households. We look at what the turmoil in financial markets could mean for your mortgage, pension and savings. Continue reading...
bbc.co.uk
Prosecco, cakes and beauty products - how to get birthday freebies and why there's a catch
Cake, coffee, make-up and burgers are just some of the free things you can get on your birthday.
bbc.co.uk
Volkswagen board approves plan to cut another 50,000 jobs
The group - which includes Audi, Porsche, Skoda as well as the VW brand - plans to cut a total of 100,000 posts by 2030.
bbc.co.uk
Argentine leader threatens to sanction oil firms and reiterates Falklands claim
Javier Milei reiterates his country's claim on the British overseas territory, saying the "winds of change" favour it.
bbc.co.uk
Controversial Jackdaw gas field set to be approved in weeks, sources say
The government is set to give the go-ahead for the gas field off the coast of Aberdeen, the BBC understands.
bbc.co.uk
From 'dog fruit' to darling: India's avocado boom
Demand for avocados is booming in India and local growers hope to grab more of the market.
cnbc.com
Shein has made a shaky stock market entry. Can it get its mojo back?
Shein’s Hong Kong IPO puts the focus on how the fast-fashion retailer can reaccelerate growth as its low-cost model faces new pressures.
bbc.co.uk
'I lost my savings after a job interview scam'
Jobseekers, especially Gen Z, are being targeted with fake, booby-trapped recruitment apps.
bbc.co.uk
Is India's internet boom running into an undersea problem?
At least 13 of India's 18 intercontinental cables come ashore within six kilometres of Mumbai's Versova beach.
cnbc.com
The world appears to be entering a higher-rate era. Here’s who will pay the price
The bond sell-off is owed to a mix of high government debt issuance, an oil-price shock that has reignited inflation concerns, and expectations of higher rates.
bbc.co.uk
Why wait? Business grads buying firms to install themselves as CEO
Impatient to be the boss of an established company they are borrowing money to fund their purchases.
bbc.co.uk
'My parents won't lend me £10k but helped my brother': When families play financial favourites
So-called financial favouritism can cause jealousy and resentment long into adulthood. Here is how experts say you can avoid it
bbc.co.uk
Overcooked? Why robotic pizza makers are failing
A string of failures has sapped confidence that robots will take over production at pizza restaurants.
bbc.co.uk
How Dolly Parton's business savvy helped her succeed far beyond the charts
While country music and films brought her fame, her entrepreneurial zeal brought her fortune.
bbc.co.uk
Firms scramble for battery power in Spain and Portugal
After last year's massive power failure Spanish and Portuguese firms are buying battery back ups.
bbc.co.uk
Drought leaves 'barely any apples' to make cider
Some orchards are harvesting just a 10th of their usual crop, and facing an uncertain future.
bbc.co.uk
'What you see is what you pay' - why some US restaurants are banning tips
Tips are central to US dining culture but some eateries think that they are unfair.
bbc.co.uk
How landscape gardening is being electrified
The switch to quieter electric equipment is not going as fast as some would like.
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
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